Rakuten Investment Management Inc. Takes $7.66 Million Position in iShares Semiconductor ETF $SOXX

Rakuten Investment Management Inc. acquired a new stake in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 3rd quarter, HoldingsChannel reports. The fund acquired 28,484 shares of the exchange traded fund’s stock, valued at approximately $7,660,000.

A number of other large investors have also recently made changes to their positions in SOXX. First Horizon Corp bought a new stake in iShares Semiconductor ETF in the 3rd quarter worth about $646,000. 17 Capital Partners LLC grew its stake in shares of iShares Semiconductor ETF by 21.1% in the second quarter. 17 Capital Partners LLC now owns 1,863 shares of the exchange traded fund’s stock worth $445,000 after acquiring an additional 324 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of iShares Semiconductor ETF by 34.3% during the third quarter. Concurrent Investment Advisors LLC now owns 14,167 shares of the exchange traded fund’s stock valued at $3,841,000 after purchasing an additional 3,616 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its position in iShares Semiconductor ETF by 4.6% during the third quarter. Analyst IMS Investment Management Services Ltd. now owns 159,111 shares of the exchange traded fund’s stock valued at $43,138,000 after purchasing an additional 6,953 shares during the period. Finally, CW Advisors LLC lifted its holdings in shares of iShares Semiconductor ETF by 140.5% during the 2nd quarter. CW Advisors LLC now owns 3,530 shares of the exchange traded fund’s stock valued at $843,000 after buying an additional 2,062 shares during the period.

iShares Semiconductor ETF Stock Performance

Shares of NASDAQ:SOXX opened at $348.14 on Thursday. iShares Semiconductor ETF has a 52-week low of $148.31 and a 52-week high of $351.33. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 31.84 and a beta of 1.51. The stock’s 50-day simple moving average is $306.62 and its two-hundred day simple moving average is $278.95.

iShares Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.4363 per share. This represents a $1.75 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

About iShares Semiconductor ETF

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.